THREE:
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THREE:The news of Wellington's defeat of Marmont, and his occupation of the capital, caused Soult to call Victor from the blockade of Cadiz; and uniting his forces, he retired into Granada. The French, after destroying their works,the creation of so much toil and expenditure,retreated with such precipitation from before Cadiz that they left behind a vast quantity of their stores, several hundred pieces of ordnancesome of which, of extraordinary length, had been cast for this very siegeand thirty gunboats. They were not allowed to retire unmolested. The British and Spanish troops pursued them from Tarifa, harassed them on the march, drove them out of San Lucar, and carried Seville by storm, notwithstanding eight battalions being still there to defend it. The peasantry rushed out from woods and mountains to attack the rear of Soult on his march by Carmona to Granada, and the sufferings of his soldiers were most severe from excessive fatigue, heat, want of food, and these perpetual attacks. General Hill meanwhile advanced from the Guadiana against King Joseph, who fell back to Toledo, hoping to keep up a communication with Soult and Suchet, the latter of whom lay on the borders of Valencia and Catalonia. But General Hill soon compelled him to retreat from Toledo, and the British general then occupied that city, Ypez, and Aranjuez, thus placing himself in connection with Lord Wellington, and cutting off the French in the south from all approach to Madrid.As the king was to land privately and to proceed to the Viceregal Lodge in Ph?nix Park without entering the city, it was uncertain whether he would come by Dunleary or Howth. There was an idea that he would land at the former place on Sunday, the 12th of August, and immense crowds lined the coast during the day, watching for the approach of the steamer. They were disappointed, for his Majesty arrived at Howth about five o'clock. He was accompanied by the Marquis of Londonderry, the Marquis of Thomond, Lord Mount Charles, Lord Francis Conyngham, and Mr. Freeling, Secretary to the Post Office, England. A small ship-ladder, covered with carpeting, was fixed to facilitate his landing. This he ascended without assistance, and with great agility. As the narrow pier was crowded to excess, he found[219] himself jammed in by a mass of people, who could not be displaced without throwing numbers of them into the water. Though he had reason to be displeased with the want of proper arrangements, he bore the inconvenience with good humour; indeed, his Majesty was very jolly, owing to copious draughts of Irish whisky punch with which he had drowned sorrow, during the voyage, for the loss of the queen. On seeing Lord Kingston in the crowd, he exclaimed, "Kingston, Kingston, you black-whiskered, good-natured fellow, I am happy to see you in this friendly country." Having recognised Mr. Dennis Bowles Daly, he cordially shook hands with that gentleman, who at the moment was deprived of a gold watch, worth sixty guineas, and a pocket-book, by one of the light-fingered gentry. The king also shook hands with numbers of the persons present who were wholly strangers to him. At length his Majesty managed to get into his carriage, and as he did so, the cheers of the multitude rent the air. He turned to the people, and, extending both his hands, said, with great emotion, "God bless you all. I thank you from my heart." Seemingly exhausted, he threw himself back in the carriage; but on the cheering being renewed, he bent forward again, and taking off his cap, bowed most graciously to the ladies and those around him. One of the horses became restive on the pier, but a gentleman, regardless of personal danger, led him till he became manageable. The cavalcade drove rapidly to town, and proceeded by the Circular Road to the Park. On the way there was a constant accession of horsemen, who all rode uncovered. When they came to the entrance of the Park, the gentlemen halted outside the gate, not wishing to intrude, when the king put out his head and said, "Come on, my friends." On alighting from his carriage he turned round at the door, and addressed those present in nearly the following words:"My lords and gentlemen, and my good yeomanry,I cannot express to you the gratification I feel at the warm and kind reception I have met with on this day of my landing among my Irish subjects. I am obliged to you all. I am particularly obliged by your escorting me to my very door. I may not be able to express my feelings as I wish. I have travelled far, I have made a long sea voyage; besides which, particular circumstances have occurred, known to you all, of which it is better at present not to speak; upon those subjects I leave it to delicate and generous hearts to appreciate my feelings. This is one of the happiest days of my life. I have long wished to visit you; my heart has been always with the Irish; from the day it first beat I have loved Ireland. This day has shown me that I am beloved by my Irish subjects. Rank, station, honours, are nothing; but to feel that I live in the hearts of my Irish subjects is to me exalted happiness. I must now once more thank you for your kindness, and bid you farewell. Go and do by me as I shall do by youdrink my health in a bumper; I shall drink all yours in a bumper of good Irish whisky." Mr. W. H. Freemantle, writing to the Duke of Buckingham, says, "I don't know whether you have heard any of the details from Ireland, but the conduct of the Irish is beyond all conception of loyalty and adulation, and I fear will serve to strengthen those feelings of self-will and personal authority which are at all times uppermost in 'the mind.' The passage to Dublin was occupied in eating goose-pie and drinking whisky, of which his Majesty partook most abundantly, singing many joyous songs, and being in a state on his arrival to double in sight even the number of his gracious subjects assembled on the pier to receive him. The fact was that he was in the last stage of intoxication: however, they got him to the Park." But whatever happened on board ship, and whether or not the king was "half-seas over," he acquitted himself so as to excite the boundless admiration of his Irish subjects, and the visit, which lasted twenty-two days, was an unqualified success from the spectacular point of view.
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THREE:But matters had greatly changed at Calcutta before this. Maclean did not present the letter of resignation till October, 1776; but, in September of that year, Colonel Monson had died, and, the members in the Council being now equal, the Governor-General's casting vote restored to him his lost majority. Hastings was not the man to defer for a moment the exercise of his authority. He began instantly to overturn, in spite of their most violent efforts, the measures of Francis and friends. He dismissed Goordas from the chief authority in Oude, and reinstated his "dear friend, Nat Middleton," as he familiarly termed him. He revived his land revenue system, and was planning new and powerful alliances with native princes, especially with the Nabob of Oude, and the Nizam of the Deccan, not omitting to cast a glance at the power of the Sikhs, whose dangerous ascendency he already foresaw. In the midst of these and other grand plans for the augmentation of British power in Indiaplans afterwards carried out by othershe was suddenly astounded by the arrival of a packet in June, 1777, containing the news of his resignation, and of its acceptance by the Directors. He at once protested that it was invalid, as he had countermanded the resignation before its presentation; but General Clavering, as next in succession, at once claimed the office of Governor-General, and Francis, in Council, administered the oath to him. Clavering immediately demanded the keys of the fort and the treasury from Hastings; but that gentleman refused to admit his own resignation, much less Clavering's election to his post. Here, then, were two would-be Governor-Generals, as Europe had formerly seen two conflicting Popes. To end the difficulty, Hastings proposed that the decision of the question should be referred to the Supreme Court. It is wonderful that Clavering and Francis should have consented to this, seeing that Impey, Hastings' friend, and the judge of Nuncomar, was at the head of that Court; but it was done, and the Court decided in Hastings' favour. No sooner was Hastings thus secured, than he charged Clavering with having forfeited both his place in the Council, and his post as Commander-in-Chief of the Forces, by attempting to seize on the Governor-Generalship. Clavering and Francis were compelled to appeal once more to the Supreme Court, and this time, to his honour, Impey decided in favour of Clavering. Clavering, who had been deeply mortified by his defeat, died a few days after this occurred, in August, 1777. By this event the authority of Hastings in the government was sufficiently restored, notwithstanding that Wheler generally sided with Francis, for him to carry his own aims.Of course, the commercial changes introduced by Mr. Huskisson and Mr. Robinson excited loud murmurs of dissatisfaction from the interests affected, especially the shipping interest. But the best answer to objectors was the continuously flourishing state of the country. At the opening of the Session in 1825, Lord Dudley and Ward, in moving the Address in answer to the King's Speech in the Upper House, observed:"Our present prosperity is a prosperity extending to all orders, all professions, and all districts, enhanced and invigorated by the flourishing state of all those arts which minister to human comfort, and those inventions by which man obtains a mastery over nature by the application of her own powers, and which, if one had ventured to foretell a few years ago, it would have appeared almost incredible." This happy state of things was the result of a legitimate expansion of trade. Manufacturers and merchants were at first guided by a spirit of sober calculation. The steady advance in the public securities, and in the value of property of all sorts, showed that the national wealth rested upon a solid basis. The extension of the currency kept pace with the development of trade and commerce, and the circulation of bankers' paper was enormously increased. But out of the national prosperity there arose a spirit of rash speculation and adventure, resulting in a monetary crisis. The issue of notes by country banks was under no restriction; no measures were taken to secure that their paper represented property, and could be redeemed if necessary. There were hundreds of bankers in the provinces who could issue any quantity of notes they pleased, and these passed as cash from hand to hand. The spirit of speculation and enterprise was stimulated to a feverish degree of excitement by the recognition of the states of Colombia, Mexico, and Buenos Ayres, formally announced in the King's Speech on the 3rd of February, which said that treaties of commerce had been made with those new states. The rich districts of South America being thus thrown open, there was a rush of capitalists and adventurers to work its inexhaustible mines. A number of companies was formed for the purpose, and the gains of some of them in a few months amounted to fifteen hundred per cent. The result was a mania of speculation, which seized upon all classes, pervaded all ranks, and threw the most sober and quiet members of society into a state of tumultuous excitement. Joint-stock companies almost innumerable were established, to accomplish all sorts of undertakings. There were thirty-three companies for making canals and docks, forty-eight for making railroads, forty-two for gas, twenty insurance companies, twenty-three banking companies, twelve navigation packet companies, five indigo and sugar companies, thirty-four metal companies, and many others. The amount of capital subscribed in these various companies, which numbered two hundred and seventy-six, was upwards of 174,000,000. In connection with South America there was the Anglo-Mexican Company, the Brazilian, the Colombian, Real de Monte, and the United Mexican. On the South American shares only ten pounds each had been paid, except the Real de Monte, on which 70 had been paid. We may judge of the extent to which gambling speculation was carried from the following statement of the market prices of the shares, in five of the principal mining companies[243], at two periods, December 10th, 1824, and January 11th, 1825:
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